Which of the Following Is a Defining Principle of Producer

question 27

Multiple Choice

Which of the following is a defining principle of producer co-operatives, compared to other types of worker ownership?

• A) Governments must be involved, in order to be successful.
• B) Unions must be included in all decisions made.
• C) Each co-op member owns one share only, and non-members cannot own shares.
• D) They are not allowed to grow beyond a certain size, 25 members, for example.

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Definitions:

Net Income

The profit a company retains after deducting all costs, taxes, and expenses from its total revenue.

Time Devoted

The amount of time spent on a specific activity or task.

Liquidating Partnership

The process of dissolving a business partnership by selling off assets to pay liabilities and distributing the remaining assets to the partners.

Capital Account Balances

The amount recorded in the financial statements of an entity that represents the funds contributed by owners or partners, including retained earnings and additional paid-in capital.